Series 28: Limitations On Withdrawal Of Equity Capital

Taken from our Series 28 Online Guide

Limitations on Withdrawal of Equity Capital

The SEC restricts the withdrawal of equity capital if it will exceed certain limits. This withdrawal of funds may not exceed an amount that would cause:

• The broker-dealer’s net capital to fall below 120% of its required net capital
• The broker-dealer’s net capital to be less than 25% of haircut deductions (except with the SEC’s prior approval)
• The broker-dealer’s, subs

+ Read More

More Series 28 Info

What are people saying?

Create an Account

Since you're reading about Series 28: Limitations On Withdrawal Of Equity Capital, you might also be interested in:

Series 82 - Exercise

Series 27 - Regulatory Notification and Business Curtailment

Series 52 - 1.6.2.4. Withdrawals

Series 24 - Independent Public Accountant’s Reports

Series 24 - Clearance and Settlement: The Uniform Practice Code

Series 24 - 4.1.4.1. Agreement Among Underwriters (AAU)

Series 82 - Foreign Issuers

Series 82 - Premium Bonds

Series 24 - Retirement Plan Accounts: Qualified vs. Non-Qualified Plans

Series 24 - Registration Statement Information Requirements

Series 28 - Collateral Deficiencies for Secured Demand Notes

Series 65 - Theories of Portfolio Management

Series 52 - 4.1.4.2. Position Trading

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I wanted to let you know I passed my Series 28 today!! Thanks for great prep materials. I have been working really long hours at my job and it was a challenge finding the time to study. The video lectures proved to be a big help. I’m glad that exam is over!!!

Nikita Brown, BMI. Atlanta, GA

I took this Series 28 today and passed on my first try! I think the practice exams helped a ton, though in general, I would say the actual test seemed (at least to me), more difficult than the practice exams. Either way, couldn't have done it without the Solomon Exam Prep.

Gayle Espinosa. Los Angeles, CA

Last August 2020 I passed the Series 28 on the first try using your materials. I just wanted to drop in and let you know I passed the Series 27 exam today!! I am so happy today as I took the test in Jan of this year and missed it by 3 points. I switched up my focus and really zoned in the most heavily weighted chapters. This is by far the hardest exam I have taken. Thank you Solomon for your excellent study materials. I'll be back when I pass the next one ;)

Nikita Brown, BMI. Atlanta, GA

I never really had to study in high school or college, so I was especially nervous to take this exam after hearing from colleges how difficult the Series 6 was. This program gave step-by-step instructions on how to study which ultimately led to me passing on my first try with an 81.

Ambria Smith, PFM Fund Distributors, Harrisburg, PA

I passed the S7 TO first time it was introduced from last year. I have used several books and none of them could be as complete as this one. I am a living witness to the completeness of your course material. If that was not the case, I would not have passed this very difficult exam. I owe my success to your exam materials and no other book, from those I know have come close. I am going to study for the Series 66 through Solomon Exam Prep. If this can help me through, then I am sure many more people would also succeed.

Stalin Miki, Bankerslife, Miami, FL

I failed the Series 52 twice and thought my troubles were with retention, but they were with the practice. I used a competitor's materials and it lacked depth and above all else it lacked a large test bank of questions. With Solomon, I went from feeling unable to fully assess all of the answers on the actual exam, to knowing why an answer was right AS WELL AS knowing why the other 3 answers were wrong. This is an underappreciated aspect of test taking that was only achieved through repetition of different questions. Solomon's large test bank was invaluable and the ability to take practice exams with only the questions you previously got wrong is a fantastic addition.

Justin Ratti, Investment Banking, Charlotte, NC